MIDAS SHOP
Midas Shops are automotive maintenance and service centers that sell and install parts including exhaust systems, brake components, suspension parts, tires, batteries, heating/cooling parts, and other vehicle components, while performing related services such as brake repairs, tire services, alignments, exhaust work, battery installation, and general/scheduled maintenance. The franchisor operates a business model of franchising these retail service centers primarily in the United States to independent operators, with limited co-branding options via SpeeDee for existing franchisees. The target market is vehicle owners seeking reliable, professional automotive repair and maintenance services.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
10% royalty + $5,000-$25,000/mo rent/taxes/insurance (if leased from Midas Realty or affiliates)
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Part A data on Gross Revenues is based on 941 franchised outlets operating from January 1, 2023, through December 31, 2024. Part B data on Income Statement Performance is based on 438 franchised outlets operating for the year 2024.
* average_gross_revenue is taken directly from the text on page 2 (overall average for Part A reporting shops). median_gross_revenue is derived from the median of the 3rd quartile's median gross revenues from the table on page 2, as it represents the central value for the 941 shops. revenue_top_quartile and revenue_bottom_quartile are the average gross revenues for the Top Quartile and 4th Quartile, respectively, from the table on page 2 (Part A). average_gross_profit and average_net_income are calculated as a percentage of the overall average Total Income for Part B reporting shops, as stated in the text on page 3. average_net_profit is set to the same value as average_net_income, as 'Net Income From Operations' is interpreted as net profit before taxes/interest based on footnote 1. best_guess_profit_low is the average Net Income From Operations for the 4th Quartile from the table on page 3 (Part B). best_guess_profit_high is the average Net Income From Operations for the Top Quartile from the table on page 3 (Part B).
Extracted Item 19 Section
How MIDAS SHOP Compares to Other Business Services Franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
MIDAS SHOP Current | N/A | $35K | 10.0% | 941 |
| Bimbo Foods Bakeries Distribution, LLC | $14K - $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K - $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K - $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K - $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K - $380K | $100K | 10.0% | 2,286 |
Business Services Average 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+34 more states
SBA Loan History
Historical SBA 7(a) loan data for MIDAS SHOP franchisees (2010 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
Primarily termination disputes and royalty non-payment with a former franchisee.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much revenue does a MIDAS SHOP franchise make?
According to the 2025 FDD, the average gross revenue for a MIDAS SHOP franchise is $1,234,101.77. The median revenue is $993,414.
How much profit can you make with a MIDAS SHOP franchise?
Based on the financial performance data in the FDD, estimated profit for a MIDAS SHOP franchise ranges from $31,646 to $365,962 per year. Actual results vary based on location, management, and market conditions.
How many MIDAS SHOP franchise locations are there?
As of the 2025 FDD, MIDAS SHOP has 941 franchise locations. The company has been franchising since 1956.
Can you get an SBA loan for a MIDAS SHOP franchise?
Yes, SBA loans are available for MIDAS SHOP franchises. Historical data shows 199 SBA 7(a) loans have been approved for MIDAS SHOP franchisees, with an average loan amount of $508,846. The historical default rate is 4.0%.
Is MIDAS SHOP a good franchise to buy?
MIDAS SHOP shows several positive indicators: established brand with 941+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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